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NuEnergy Gas Limited (ASX:NGY)

ALERT: Price-sensitive ASX Announcement for NGY
Current share price for NGY : $0.042 0.002 (5%)+
Announcement
Release
28 Jul 2026 2:31PM
Price at Release
$0.040
Full Release
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Summary
NuEnergy Gas Limited released its quarterly cash flow report for the period ending 30 June 2026. The report details cash flow activities related to its operations, investments, and financing. The company experienced a net cash outflow from operating activities amounting to $499,000 for the quarter, primarily due to costs related to development and administration. NuEnergy did not report any cash flows from investing activities this quarter. However, it secured $3,427,000 from financing activities through equity securities. The company ended the quarter with cash and cash equivalents of $553,000. NuEnergy plans to enhance its cash position through anticipated gas sales expected to commence in Q1 2027, backed by agreements such as the Gas Sales and Purchase Agreement with PT Perusahaan Gas Negara. Despite current cash constraints, the company is confident in its ability to fund operations through strategic financial management and potential future capital raising activities.
Key Points
  • Net cash outflow from operating activities was $499,000.
  • No cash inflows from investing activities were reported.
  • Secured $3,427,000 from financing activities.
  • Ended the quarter with cash and cash equivalents of $553,000.
  • Plans to commence gas sales in Q1 2027.
  • Signed agreements to support future cash inflows.
  • Confident in future funding through capital raising and strategic management.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.